Wednesday, September 05, 2007
In this show. . .
Hard time finding qualified buyers?
One consequence of the subprime collapse is that mortgage lenders have made it lot harder to get a home loan. Some say too hard, especially in cities where home prices are high. Stacey Vanek-Smith explains.
Rest in peace, private equity boom
Banks are fresh out of billions to lend, and thus goes the buyout boom. Data company Thompson Financial says the number of private equity deals around the world has fallen sharply. No surprise, the subprime crisis is to blame. Stephen Beard reports.
To bail out or not to bail out...
Yesterday the Fed urged lenders to work out new loan terms for borrowers who risk defaulting on their mortgages, but that's only a request, not a requirement. Now it's Congress's turn. Will taxpayers pay to fix the subprime mess? John Dimsdale reports.
Where emerging markets are safe
It's not Asia, says commentator David Frum. He suggests we take another look at Central Europe, where markets aren't developing at Asia's exciting breakneck pace, but they are growing steadily... with bonuses like law and accountability.
Job losses surge 85% in August
The housing market meltdown is hitting the job market. Layoffs in the financial sector reached record levels in August as brokers and bankers were sacked by the thousands. And this may just be the beginning of the hurt, Dan Grech reports.
Another Mattel recall makes three
Mattel has announced yet another recall of toys made in its factories in China. That's the third time in five weeks, but some in the industry are saying don't be too quick to put the blame on Chinese factories.
Thanks Australia, here's an arms deal
President Bush and Australia's prime minister took a break from the APEC summit today to reconfirm their position on Iraq. And perhaps not by coincidence, Bush is expected to announce a big defense deal with Australia. Alisa Roth reports.
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Music From This Show
- This Mess We're In PJ Harvey
- Machine Gun
- A Beautiful Mine RJD2
Marketplace Confessional
"Will makes a great argument. The hostile reception, as indicated by the comments, should be unsurprising. If people actually understood how much immigration has historically benefited us then we wouldn't have the type of protectionist immigration laws we have. If the borders were opened one might see a drop in wages, but considering there would be a correlative drop in prices, it's doubtful there would be an overall harm and most likely considerable benefit..."
Your Host
By age 14, Scott Jagow had no doubt what he would do with his life. He would be a lumberjack. I mean, an astronaut. A seismologist. No, make that a journalist … Full bio
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